What indicates that a developing country is becoming less dependent on foreign aid? A It gains foreign currency by exporting a range of raw materials, and uses this to import machinery from developed economies. B It has to change its economic structure in order to qualify for a bailout loan from the World Bank. C Its balance of payments goes into deficit when it has to start paying interest on loans taken out with foreign banks. D Its local firms go out of business after a foreign multinational sets up in the country.
- (a)What indicates that a developing country is becoming less dependent on foreign aid? A It gains foreign currency by exporting a range of raw materials, and uses this to import machinery from developed economies. B It has to change its economic structure in order to qualify for a bailout loan from the World Bank. C Its balance of payments goes into deficit when it has to start paying interest on loans taken out with foreign banks. D Its local firms go out of business after a foreign multinational sets up in the country.[1]
Mark scheme
Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.
- [1] A
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